Rubber rises on May 27

2019-5-28 21:37:12Editor：AmandaFont Size：BigMediumSmall

Tokyo Commodity Exchange (TOCOM) futures rose on Monday, following Shanghai prices, with the contract for October delivery closing at 192.3 yen per kg, up 0.5 yen, or 0.3% TOCOM's rubber contract for May delivery expired on Monday, after rising 3 yen, or 1.4%, to end at 212 yen per kg. The most-active rubber contract on the Shanghai futures exchange, for September delivery, traded at 11,845 yuan, up 80 yuan, or 0.7%.

The US dollar was quoted around 109.53 yen, compared with around 109.29 yen on Friday afternoon. Oil prices were mixed with Brent gaining 0.1% and US crude down by 0.4%. Japan's benchmark Nikkei stock average closed 0.3% higher. TOCOM's technically specified rubber (TSR) 20 futures contract for November delivery finished unchanged at 161.7 yen per kg. The front-month rubber contract on Singapore's SICOM exchange for June delivery traded at 153.8 US cents per kg, up 0.3%.